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Level 2

Question

mortgage info

3 replies
23 views

My mother is the lender. I've been doing this on TurboTax for more than 10 years. But this year TT asks: Outstanding Mortgage Principal = ? this is a new question for TT! I don't have a 1098. This was never a problem before. I have the Mortgage origination date. It also asks for "Mortgage acquisition date =?" This is also a new question this year. all of this probably doesn't matter due to tax changes and standard deduction increase but I need to input to continue my tax return.

Alumni - Intuit

Yes, these are new questions. For the Outstanding Mortgage Principal, enter your mortgage balance as of January 1, 2019. For more information please see IRS Instructions for Form 1098.

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danarelloAuthor

Level 2

By “mortgage balance “ are you referring to the loan balance indicated on my amortization schedule? That is to say “how much I owe as of Jan 1,2019.

Level 15

yes